“Steady as she goes” best describes the current market conditions. I think this is a positive statement in as much as the decline in house prices has hopefully been arrested. We have seen a surge in properties coming on the market coinciding with increased buyer numbers through our open houses. Having said that anyone, who has purchased a property in the last 4 years is likely to be looking at a selling price of less than they purchased it for. The short term market view is unlikely to provide much optimism to those owners. Equally, if you are buying and selling in the same market then there are plenty of value properties to select from. Many of our owners have elected to retain and rent out their existing properties and take advantage of the buying opportunities on offer. We are definitely still in a buyer’s market.
Until next time….